Welcome to our dedicated page for Bakkt SEC filings (Ticker: BKKT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Bakkt Holdings, Inc. (NYSE: BKKT) SEC filings page provides direct access to the company’s regulatory disclosures, along with AI-powered tools to help interpret them. Bakkt is a digital asset infrastructure company founded in 2018 and headquartered in New York, New York, with a focus on Bitcoin, tokenization, stablecoin payments, and AI-driven finance. Its filings with the U.S. Securities and Exchange Commission offer detailed insight into how it structures its business, manages risk, and executes its transformation strategy.
Through its periodic and current reports, investors can review Bakkt’s financial results, segment framing, and commentary on its transition to a pure-play digital asset infrastructure platform. Form 10-Q and 10-K filings describe revenue drivers tied to crypto market activity, operating expenses, and the impact of its digital asset and treasury strategies, while also outlining extensive risk factors related to digital assets, stablecoins, and regulatory developments.
Bakkt’s Form 8-K filings highlight material events such as the completion of its capital structure simplification, the holding company reorganization that created a new Bakkt Holdings, Inc. as successor registrant, and its agreement to acquire Distributed Technologies Research Ltd. Additional 8-Ks detail board and executive changes, earnings call materials, and selective strategic investments, including warrant subscriptions in international counterparties.
On this page, users can also monitor specialized filings, such as Form 12b-25 notifications regarding filing timing and Form 15 filings related to the deregistration of the predecessor entity in connection with the reorganization. AI-powered summaries help explain complex sections of lengthy documents, highlight key changes across reporting periods, and surface information on topics like capital structure, digital asset holdings, and governance. For those researching insider activity and equity-linked instruments, access to filings covering warrants and registration rights agreements provides additional context around Bakkt’s equity and financing arrangements.
Bakkt, Inc. General Counsel and Secretary Marc D'Annunzio reported an open-market sale of 785 shares of Class A common stock on February 24, 2026 at a weighted-average price of $10.0947 per share. After this sale, he directly owned 117,833 shares, including 50,229 shares subject to restricted and performance stock units that still need to vest.
The sale was carried out under a pre-established Rule 10b5-1 trading plan adopted on September 10, 2025. Separately, he held stock options covering 132,551 shares, granted on July 29, 2025, which become exercisable in quarterly tranches over eight quarters with complex exercise and forfeiture conditions.
Bakkt, Inc. is offering 3,024,799 shares of Class A common stock and pre-funded warrants to purchase 2,475,201 shares. The offering price is $8.75 per share and $8.7499 per Pre-Funded Warrant, with an exercise price of $0.0001 per share for the Pre-Funded Warrants.
The Securities are being sold to a single investor under a purchase agreement dated February 27, 2026, with delivery expected on or around March 2, 2026. Net proceeds are estimated at approximately $45.4 million and Bakkt intends to use proceeds for working capital, general corporate purposes and strategic initiatives. Shares outstanding after the offering are based on 27,537,293 shares as of February 26, 2026.
Weiss Asset Management and related parties report a passive ownership stake in Bakkt, Inc. The filing shows beneficial ownership of 812,640 shares of Bakkt Class A common stock, representing 3.4% of the class, as of an event date of December 31, 2025.
The shares are held with shared voting and dispositive power and no sole voting or dispositive power. The ownership percentage is calculated against 24,038,434 Class A shares outstanding as of November 6, 2025, as reported in Bakkt’s Form 10-Q. The reporting persons certify the position is held in the ordinary course and not for the purpose of changing or influencing control.
Bakkt, Inc. is asking stockholders to approve issuing new Class A common shares to acquire Distributed Technologies Research Global Ltd. (DTR) in an all‑stock deal. As of the February 10, 2026 record date, 25,761,710 Class A shares were outstanding.
If the issuance is approved, Bakkt expects to issue approximately 9,214,468 new shares as consideration, so that the DTR holders would own about 26.4% of the company’s outstanding voting Class A shares. Additional consideration of up to 725,592 shares may be issued if certain existing warrants are fully exercised for cash.
A special committee of independent directors reviewed and negotiated the transaction, obtained a fairness opinion from Kroll (Duff & Phelps), and unanimously concluded the deal is fair and in the best interests of stockholders other than Akshay Naheta, who is both Bakkt’s CEO and DTR’s principal owner and recused himself from board deliberations.
Bakkt, Inc. is the subject of an amended Schedule 13G filing in which several affiliated Susquehanna entities report a combined beneficial ownership position in its Class A common stock.
G1 Execution Services, Susquehanna Fundamental Investments, Susquehanna Portfolio Strategies, and Susquehanna Securities together report beneficial ownership of 411,786 Bakkt Class A shares, representing 1.7% of the class. For Susquehanna Securities, this figure includes options to buy 317,988 shares and 2,613 shares issuable upon exercise of warrants.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Bakkt. The ownership percentage is based on 24,038,434 shares outstanding as of November 6, 2025, as disclosed in Bakkt's Form 10-Q.
Bakkt, Inc. is asking stockholders to approve issuing new Class A common shares equal to 31.5% of its fully diluted equity (excluding certain warrants) to acquire Distributed Technologies Research Global Ltd. (DTR) in an all‑stock deal.
DTR provides digital payments infrastructure across fiat and crypto rails. Its CEO and principal owner, Akshay Naheta, is also Bakkt’s CEO, President and a director, so an independent Special Committee negotiated the transaction and obtained a fairness opinion from Kroll (Duff & Phelps). A virtual special meeting will be held on March 24, 2026, for votes on the Issuance Proposal and a related Adjournment Proposal. Directors, executives and key holders owning about 36.1% of Bakkt’s Class A shares have agreed to support the deal.
Bakkt Holdings, Inc. entered into a Sales Agreement allowing it to sell, from time to time, up to an aggregate sales price of $300,000,000 of its Class A common stock through a group of designated sales agents. These sales may be conducted as an "at the market offering" under Rule 415, including ordinary broker transactions on the New York Stock Exchange, block trades, or other permitted methods at market-related or negotiated prices.
The shares will be offered under Bakkt’s effective Form S-3 shelf registration statement, as supplemented by a prospectus supplement dated January 20, 2026. Bakkt is not obligated to sell any shares under this arrangement, will pay the sales agents a commission on any shares sold plus certain reimbursable expenses, and may terminate the agreement on three business days’ notice.
Bakkt Holdings, Inc. plans an at-the-market offering of up to $300,000,000 of its Class A common stock under a new sales agreement with multiple sales agents. Shares may be sold from time to time on the NYSE or through other permitted methods at prevailing, related or negotiated prices, with agents earning commissions of up to 3% of the gross sales price.
The company expects to use any net proceeds for working capital and general corporate purposes. Bakkt notes that issuing new shares will dilute existing holders; there were 25,529,359 shares of common stock outstanding as of January 14, 2026. An illustrative example in the filing shows the impact on book value and per-share dilution if the full $300,000,000 is raised. The document also highlights that additional share issuances, including potential stock consideration for the proposed DTR Acquisition if approved by shareholders, could further dilute investors and that the stock has experienced significant price volatility.
Bakkt Holdings, Inc. filed a current report outlining preliminary financial results for the quarter and year ended December 31, 2025, which are unaudited, subject to adjustment, and expected to be finalized with its upcoming annual report and discussed on a conference call in March.
Bakkt also described a dispute arising from the October 1, 2025 sale of its loyalty and travel redemption business. Its subsidiary Opco claims the purchaser failed to return approximately $5 million of so‑called Wrong Pockets Cash and has filed a breach of contract complaint in Delaware Superior Court. Opco also loaned approximately $5 million under subordinated notes and plans to enforce its rights for any unpaid amounts.
In addition, the company highlighted an India-focused strategy through an agreement to subscribe to 47,500,000 warrants of Transchem Ltd. for about $10 million. The warrants are exercisable within 18 months and include an option for additional warrants, alongside Transchem’s exploration of acquiring an Indian stock broking firm, with potential future updates on structure, branding, and governance changes.